Many people think the Phantom is vapoware and that it isn't real, and theres plenty of evidence supporting that. I myself believe the "Phantom" is a hoax and or scam too, However a new image is out that was supposedly taken at a developers house. This is supposedly a Phantom beta and the kid playing it is supposedly the developers kid playing Quake3 on the Phanton (supposedly). This is really all the information I know about it.

That was taken with some guys Digital camera at the house of one of the Phantom developers or something (supposedly) The Developer had a Phantom beta in his house, which you can see the developers kid playing on. the guy then sent the pic he took with his digi cam to some other member of his family who then posted the image on another forum which will rename nameless,

Chem, I could put a metal briefcase on my floor and have my wife sit with a controller with the tv hooked to a computer playing quake and then photoshop whatever i needed in, hell the box woudln't even have to be in it to begin with...

Notice from the image you see no controller, you see a box with no place to insert cartrage or disk, all you see is a light saying "phantom", now I ask you, why invest the money for a lighting system to say phantom? Why not advertise your console on the case like everyone else...

Their in my opinion trying too hard. BTW, the wendys shirt is just amusing.